GBP/USD continues to recover

Note: This section contains information in English only.
Source: Dukascopy Bank SA


Since mid-Monday's trading, the GBP/USD bounced off the resistance of the 200-hour simple moving average, retraced and found support in the 1.3200 mark and succeeded to pass the 200-hour SMA. At mid-day on Tuesday, the pair had reached the 1.3260 level, where the GBP/USD faced the resistance of the 100-hour SMA and the weekly simple pivot point.

In the case that the pair passes the resistance of the weekly simple pivot point at 1.3265, the GBP/USD might encounter resistance in the zone above 1.3280. Higher above, take into account the weekly R1 at 1.3357, before the December high level.

On the other hand, a decline of the pair could find support immediately in the 200 and 50-hour simple moving averages at 1.3242, 1.3232. Below the SMAs, the 1.3200 level is most likely set up to stop a potential drop of the GBP against the USD.
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Tue, 21 Dec 2021 12:42:39 GMT

USD/JPY finds support in SMA

On Tuesday, the USD/JPY was finding support in the 50-hour simple moving average near 113.55. Meanwhile, the pair appeared to be ignoring the resistance of the 100 and 200-hour simple moving averages and the weekly simple pivot point in the 113.65/113.72 range. If the rate surges, it could find resistance in the 113.88/113.96 zone, which captures early December high levels. Higher

Tue, 21 Dec 2021 11:23:39 GMT

EUR/USD finds support in pivot point

Since mid-Monday, the EUR/USD has been fluctuating between the support of the weekly simple pivot point at 1.1276 and the resistance of the 1.1302/1.1305 zone. In the case that the rate drops below the weekly simple pivot point at 1.1276, a potential decline would have no support as low as the December low level zone at 1.1228/1.1236. However, if the

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